Here are the most read stories of the week.
Q&A: M&A ahead for smaller cable network groups, distributors, says Bain partner
Daniel Hong, a partner in Bain & Co.'s New York office and an expert in the firm's media and entertainment and digital practices, spoke about his M&A outlook, the regulatory environment and the evolving advertising market. The media and communications sector saw a number of transformational deals in the past two years, including T-Mobile US Inc.'s pending merger with Sprint Corp. and Walt Disney Co.'s purchase of key 21st Century Fox Inc. media assets.
Severance decision on Moonves may lift Ianniello's position at CBS, analysts say
While CBS Corp.'s board has denied a $120 million severance package for Les Moonves, its investigation into the alleged sexual misconduct of the company's former chairman and CEO did not find that harassment and retaliation were widespread practices at the programmer. That could be good news for Joe Ianniello, the executive who has been leading CBS on a day-to-day basis as president and interim CEO following Moonves' resignation in September, media analysts said.
Data Dispatch: Big deals expected to continue for cybersecurity in 2019 as sector consolidates
While 2018 brought the largest security software deal in a decade, news that another big name may be on the sales block lends support to analysts' view that cybersecurity's M&A hot streak is set to continue in 2019. This year saw the biggest cybersecurity announcement in at least a decade with International Business Machines Corp.'s pending $35.69 billion acquisition of Red Hat Inc., and recent reports indicate that security software giant McAfee, last valued at $4.2 billion in 2016, could be the next up for sale.
CBS, Nielsen face contract expiration that could sever long-term relationship
CBS Corp. is contemplating ending its long-time relationship with the measurement company Nielsen Holdings PLC after the parties' current contract expires Dec. 31, according to a source familiar with the negotiations. The expiring multiyear deal encompasses TV and other ratings for CBS (US), as well as its owned-TV stations among other properties.
Pallone vows aggressive agenda as next House Energy and Commerce chief
Democrats elected Frank Pallone as chairman of the House Energy and Commerce Committee, a panel that has jurisdiction over issues broadly affecting Americans, including healthcare, climate change, and telecommunications and information technology. Following the Democrats' recapture of the House in the Nov. 6 midterm elections, Pallone vowed to take action on a myriad of priorities, including lowering healthcare and prescription drug costs, undoing the Trump administration's efforts to dismantle the Affordable Care Act, and strengthening the government's insurance programs for seniors and disabled and low-income Americans.